The EU has awarded €4 million under Horizon Europe to the Control-Oriented Innovations for future wave energy farms (COIN) project, which is set to start on November 1, 2025. Coordinated by Technische Universitaet Braunschweig in Germany, the four-year initiative aims to bring ocean energy technolo
U.S. offshore engineering and construction player McDermott has secured an offshore subsea contract with PTTEP Sabah Oil Limited (PTTEP) for a gas field expansion project offshore Malaysia. McDermott is in charge of the engineering, procurement, construction and installation (EPCI) services for a ca
Singapore’s Abaxx Commodity Exchange and China’s Qingdao International Energy Exchange intend to explore strategic collaboration in the physical liquefied natural gas (LNG) market.
More than 500 clean hydrogen projects worldwide have reached maturity, representing $110 billion in investments, with China occupying the leading position in total committed investments and renewable hydrogen production, according to the Hydrogen Council’s new annual publication.
Without the right moves, the global maritime industry’s decarbonization goals are at stake, a new report shows. The report explores innovative financing concepts to unlock capital for clean fuels, infrastructure and retrofits. The US-based environmental advocacy group Environmental Defense Fund (EDF
U.S.-based electrolyzer manufacturer Electric Hydrogen has acquired compatriot hydrogen project developer Ambient Fuels in a deal aimed at expanding the company’s project pipeline and strengthening its ability to co-develop clean hydrogen facilities with customers.
Norway’s Reach Subsea has acquired Subvision AB, a Swedish company founded in 1993, focused on the design of equipment for subsea environments. According to Reach Subsea, Subvision has extensive experience from military and offshore development projects and has, over the years, developed several adv
Owing to abundant wind, solar, and geothermal resources, Kenya is poised to establish competitive production of e-fuels, with the potential to supply domestic and international maritime demand, a new report by the Global Maritime Forum (GMF) highlighted.
Solar power producer Generale du Solaire and French floating solar company Ciel & Terre EMEA have commissioned a 20 MWp floating solar plant in Leutenheim, France, which the company described as the first of this scale in the region. Built on a former gravel pit, the installation was completed in fo
Norway’s VARD has cut the first steel for an offshore subsea construction vessel (OSCV) it is building for Taiwan-based Dong Fang Offshore (DFO). The 121.3-meter-long vessel of VARD 3 39 design is said to be a highly versatile platform designed and equipped for subsea operation duties, offshore wind
As part of the Canada’s Port of Montreal expansion project in Contrecœur, the Montreal Port Authority (MPA) and terminal operator DP World in Canada, a joint venture between DP World and La Caisse, have entered into a joint development agreement for the design of the land-based works of the future c
The shares of ADNOC Gas, a subsidiary of the UAE’s Abu Dhabi National Oil Company (ADNOC), are set to be included in the international equity index FTSE Emerging Index, which is part of the FTSE Russell Global Equity Index Series (GEIS).
Wave energy developer Eco Wave Power has inaugurated the first U.S. onshore wave energy pilot station at the Port of Los Angeles, marking the operational debut of its technology in the country. According to Eco Wave Power, seven blue steel floats, installed at AltaSea’s ocean institute on a section
Trade association Methanol Institute (MI) and Saudi Arabia’s Transport General Authority (TGA) have signed a memorandum of understanding (MoU) to advance maritime safety and sustainability.
